MFOHome About Commentary Discussions Funds The Best Resources Support Us!

Howdy, Stranger!

It looks like you're new here. If you want to get involved, click one of these buttons!

Sign In Register

Categories

In this Discussion

Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.

    Support MFO

  • Donate through PayPal

Slaying Goliath

VintageFreakVintageFreak
in Off-Topic
Not sure if linked before. Quite "Hussmanesque", so thinking not.

http://www.martinfocusedvaluefund.com/commentaries/slaying-goliath/

This manager of fund Martin Focused Value is 90% cash for last 2 odd years, and I'm guessing is 70+ year old. Thinking Frank K Martin will pass baton to son(?) Jay K Martin which does not say much one way or another for succession planning. I can't find anything in print - admittedly I looked for 1 minute only - that lends any credibility to Martin.

At least the website looks slick:-)

FWIW.

Comments

  • TedTed
    Question ? What does 90% cash + only four common stock and S&P 500 Puts, in a bull market = it equals the 99 Percentile that's what. This fund is a turkey!
    Happy Labor Day,
    Ted
    http://performance.morningstar.com/fund/performance-return.action?t=MFVRX&region=usa&culture=en-US
  • VintageFreakVintageFreak
    Ted said:

    Question ? What does 90% cash + only four common stock and S&P 500 Puts, in a bull market = it equals the 99 Percentile that's what. This fund is a turkey!
    Happy Labor Day,
    Ted
    http://performance.morningstar.com/fund/performance-return.action?t=MFVRX&region=usa&culture=en-US

    Err...any fund invested 90% cash should be a turkey. Thanksgiving is just around the corner. Besides some folks like turkey. The turkey's master is 70+ old though so I would not bite since I'm skeptical he has seasoned it well for his successor.

    In any case, my intent on posting the article was not to suggest this fund is worth it. It was purely for the content of the article. Shiller's WSJ OpEd in 2000 at the bottom of that link is especially telling. How Greenspam and Burnanke sleep at night is the 10th wonder of the world.
  • TedTed
    " some folks like turkey", yes and some like to eat crow
    Happy Labor Day
    Ted
  • VintageFreakVintageFreak
    edited September 2014
    Ted said:

    " some folks like turkey", yes and some like to eat crow
    Happy Labor Day
    Ted

    No one likes to eat crow. Some people have to. And then there are some who don't know what that means or how to give thanks.
Sign In or Register to comment.